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The Goldman lunch that set the scene for 1MDB probe

IN a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two Goldman Sachs Group Inc bankers were explaining a US$1.75bil bond offering to six executives of a Swiss bank.

Business

EPF registers 80.58% increase in i-akaun service usage in Q1

KUALA LUMPUR: The Employees Provident Fund (EPF) posted an 80.58% increase in the number of usage of its electronic service i-Akaun to 11.12 million in its first quarter (Q1 2018) from 6.16 million in the corresponding period last year.

Business

US gun lobby takes aim at 'gun-hating' banks Citi, BofA

WASHINGTON: The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.

Business Premium

Chinese tariffs’ perfect target: American ginseng

A U.S.-China trade war threatens Wisconsin growers of a product that is popular in China but infrequently consumed in the U.S.

Business

Vingroup to target US$2bil in luxury home spin-off

SINGAPORE: Vingroup JSC, Vietnam’s biggest developer, is targeting an initial equity offering of as much as US$2bil for its luxury residential arm, people with knowledge of the matter said.

Business

China’s biggest courier firm may soon deliver parcels by drone

SHANGHAI: Chinese courier company SF Holding Co says it’s won a licence to operate drones, opening up a new potential frontier for package delivery in the world’s second-largest economy.

Business

TPG nears deal for US$1.2bil Indian hospital chain

MUMBAI: A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd, India’s second largest private hospital chain by market value, people with knowledge of the matter said.

Business

Using Whatsapp to break the law?

Governance matters - By Shireen Muhiudeen REGULATORS are having to change their way of looking at breaches as the world of the net has changed how information is transmitted. You also wonder if the creators of these new tech systems ever envisaged that their work would be part of criminal activity.

Business

L Catterton-backed brand GXG to plan US$300mil IPO

HONG KONG: GXG, the Chinese men’s fashion retailer controlled by L Catterton Asia, is planning a Hong Kong initial public offering that could raise about US$300mil, according to people with knowledge of the matter.

Business

Coincheck begins to allow yen withdrawals

TOKYO: Japanese cryptocurrency exchange Coincheck Inc, which lost about US$500mil to hackers last month, has begun letting some users to make withdrawals in yen.